Procter and Gamble Co - 30d expiry - We look to Buy a break of 154.72 (stop at 151.45)
Prices have reacted from 122.18.
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
This stock has seen good sales growth.
154.65 has been pivotal.
A break of the recent high at 154.65 should result in a further move higher....
Welcome to our Weekly V2-Trade Setup ( PG ) !
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4 HOUR
Small pullback towards previous sr level.
DAILY
Expecting more bullish pa now!
WEEKLY
Good long setup..
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STOCK SETUP
BUY PG
ENTRY LEVEL @ 143.37
SL @ 140.98
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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- After clean pierce of key level followed by daily retest and wick rejection, can anticipate move to short term move to upside (TP1)
- In long run, expecting some nice bullish momentum going into the rest of Q2
Dow component and consumer staples giant PG has only falled 5.6% from the highs, compared to nearly 20% in the general market. It did not participate in the second of the three collapses in Q4. The price action from July-August can now be seen as the upper half of a pitchfork, and we are now at the lower half and right on the 50-day SMA. This is a gamble on Q4...
